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Heritage Oaks Bancorp PE Ratio

: 27.24 (As of Today)
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The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2022-01-28), Heritage Oaks Bancorp's share price is $13.35. Heritage Oaks Bancorp's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2016 was $0.49. Therefore, Heritage Oaks Bancorp's PE Ratio for today is 27.24.


The historical rank and industry rank for Heritage Oaks Bancorp's PE Ratio or its related term are showing as below:

NAS:HEOP' s PE Ratio Range Over the Past 10 Years
Min: At Loss   Med: At Loss   Max: At Loss
Current: At Loss



NAS:HEOP's PE Ratio is not ranked
in the Banks industry.

( Industry Median: 10.89 vs. NAS:HEOP: At Loss )

Heritage Oaks Bancorp's Earnings per Share (Diluted) for the three months ended in Dec. 2016 was $0.13. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2016 was $0.49.

As of today (2022-01-28), Heritage Oaks Bancorp's share price is $13.35. Heritage Oaks Bancorp's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2016 was $0.49. Therefore, Heritage Oaks Bancorp's PE Ratio without NRI for today is 27.24.

Heritage Oaks Bancorp's EPS without NRI for the three months ended in Dec. 2016 was $0.13. Its EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2016 was $0.49.

Heritage Oaks Bancorp's EPS (Basic) for the three months ended in Dec. 2016 was $0.13. Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2016 was $0.49.


Heritage Oaks Bancorp PE Ratio Historical Data

The historical data trend for Heritage Oaks Bancorp's PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Heritage Oaks Bancorp Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
PE Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.49 19.74 32.27 17.80 25.16

Heritage Oaks Bancorp Quarterly Data
Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16
PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.80 17.31 17.26 17.83 25.16

Competitive Comparison

For the Banks - Regional subindustry, Heritage Oaks Bancorp's PE Ratio, along with its competitors' market caps and PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Heritage Oaks Bancorp PE Ratio Distribution

For the Banks industry and Financial Services sector, Heritage Oaks Bancorp's PE Ratio distribution charts can be found below:

* The bar in red indicates where Heritage Oaks Bancorp's PE Ratio falls into.



Heritage Oaks Bancorp PE Ratio Calculation

The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.

Heritage Oaks Bancorp's PE Ratio for today is calculated as

PE Ratio=Share Price/Earnings per Share (Diluted) (TTM)
=13.35/0.490
=27.24

Heritage Oaks Bancorp's Share Price of today is $13.35.
Heritage Oaks Bancorp's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.49.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

It can also be calculated from the numbers for the whole company:


There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio or PE Ratio (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the calculation of PE Ratio, the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.


Heritage Oaks Bancorp  (NAS:HEOP) PE Ratio Explanation

The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.

In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.

If a company loses money, the PE Ratio becomes meaningless.

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.

Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.

Similar to the PE Ratio without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratios are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .

PE Ratio can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio.


Heritage Oaks Bancorp PE Ratio Related Terms

Thank you for viewing the detailed overview of Heritage Oaks Bancorp's PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Heritage Oaks Bancorp Business Description

Heritage Oaks Bancorp logo
Industry
Financial Services » Banks NAICS : 522110 SIC : 6022
Traded in Other Exchanges
N/A
Address
Heritage Oaks Bancorp is a California corporation organized in 1994 and registered as a bank holding company. The Company acquired all of the outstanding common stock of Heritage Oaks Bank (Bank) and its subsidiaries in 1994. The Bank is a community-oriented financial services firm that provides banking products and services to small and medium sized businesses and consumers. Products and services are offered primarily through 12 retail branches located on the Central Coast of California, in San Luis Obispo and Santa Barbara Counties and through other direct channels, including two loan production offices in Santa Barbara and Ventura Counties. The Bank offers to its commercial clients commercial loans secured by real estate, other commercial loans and lines of credit, agricultural loans, construction financing, other real estate loans and SBA loans. For consumers, the Bank offers residential mortgages, equity lines of credit and other consumer loans. Deposit products offered include personal and business checking and savings accounts, time deposit accounts, individual retirement accounts ("IRAs") and money market accounts. The Bank also offers online banking, mobile banking, wire transfers, safe deposit boxes, cashier's checks, traveler's checks, bank-by-mail, night depository services and other customary banking services. The Company's competitors include money center banks and large regional banks. Competition also includes other community-focused commercial banks. As a bank holding company, the Company is regulated under the Bank Holding Company Act ("BHC Act") and is subject to inspection, examination and supervision by the Federal Reserve. It is also subject to the California Financial Code, as well as limited oversight by the DBO and the FDIC.
Executives
Stronks Timothy Joseph officer: Executive Vice President 1222 VINE STREET PASO ROBLES CA 93446
Lagomarsino Simone director, officer: President / CEO 1515 WEST 190TH STREET, SUITE 275 GARDENA CA 90248
Lynch James J director, 10 percent owner PATRIOT FINANCIAL PARTNERS, LP 2929 ARCH STREET, 27TH FLOOR PHILADELPHIA PA 19104
Pfau Michael E. director 545 12TH STREET PASO ROBLES CA 93446
Morris Michael James director 545 12TH STREET PASO ROBLES CA 93445
Yost Stephen P director 2221 EAST ROSECRANS AVENUE SUITE 131 EL SEGUNDO CA 90245
Gould Howard director 3731 WILSHIRE BLVD., SUITE 1000 LOS ANGELES CA 90010
Gehlmann Gregory A officer: SVP & Chief Bank Counsel TRICO BANCSHARES 63 CONSTITUTION DRIVE CHICO CA 95973
Thomas J Mikesell 10 percent owner 51 WEST 52ND ST 14TH FL NEW YORK NY 10019
Merlo Mark G 10 percent owner 4500 MERCANTILE PLAZA DRIVE, SUITE 300 FORT WORTH TX 76137
Eggemeyer John M Iii 10 percent owner PO BOX 1329 RANCHO SANTA FE CA 92067
Pietrzak John 10 percent owner WEST COAST BANCORP 5335 MEADOWS ROAD, SUITE 201 LAKE OSWEGO OR 97035
Castle Creek Capital Partners Iv, Lp 10 percent owner 6051 EL TORDO P.O. BOX 1329 RANCHO SANTA FE CA 92067
Castle Creek Capital Iv Llc 10 percent owner 6051 EL TORDO P.O. BOX 1329 RANCHO SANTA FE CA 92067
Robinson Lonny Duane officer: Chief Financial Officer 3435 WILSHIRE BLVD SUITE 700 LOS ANGELES CA 90010

Heritage Oaks Bancorp Headlines

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